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The market is driven by factors such as rising crop loss due to weed problems, growing need for food security for the increasing population, and herbicide resistance in weeds. The changing farming practices from traditional to conventional clubbed with advanced technologies and promotion of Integrated Pest Management (IPM) by the governments of many countries across the world drives the demand for dicamba herbicides in the agriculture sector. The main barriers in dicamba herbicide market include the drift tendency of dicamba herbicide, rise in weed herbicides resistance, pesticides residue on food crops & increasing awareness about organic food.

“Cereals and grains accounted for the largest market share in 2015 among the crop types of dicamba herbicides”

On the basis of crop type, the dicamba herbicide market is segmented into cereals & grains, oilseeds & pulses, pastures & forage crops, and others which include sugarcane, tea, coffee, fruits, and vegetables. The cereals and grains segment dominated the dicamba herbicide market owing to their large production worldwide. The oilseeds and pulses is projected to grow at the highest CAGR during the forecast period.

“Salt based dicamba herbicides led the market with the largest share in 2015”

Dicamba is classified as either a benzoic acid or chlorophenoxy herbicide. Formulations include acid-based and salt-based dicamba herbicides. The salt-based dicamba herbicide segment dominated the market with largest share in 2015 and the trend is expected to continue. Dimethylamine salt and sodium salt are the most commonly salts used as active ingredients in herbicides.

“North America is projected to grow at highest CAGR”

North America is projected to grow at highest CAGR for 2016–2022. The advancement in the agricultural practices and technology technologies such as GMO crops and herbicide resistance crops and their wider acceptance in the North American region has fueled the demand for dicamba herbicides.

Key players identified in the dicamba herbicide market include BASF SE (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), and Syngenta AG (Switzerland). Along with these companies, the other players that have a strong presence in the dicamba herbicide market include Bayer CropScience AG (Germany), Monsanto company (U.S.), and Nufarm Limited (Australia),

Research Coverage:

This market study covers various segments of the dicamba herbicide market (crop type, time of application, formulation, form, and region) for arriving at the size of the market in the period between 2016 and 2022. The report is segmented into four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Reasons to buy this report:

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the dicamba herbicide market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on dicamba herbicides offered by the top players in the global dicamba herbicide market.

FEATURED COMPANIES

The dicamba herbicide market is projected to grow at a CAGR of 7.3% to reach USD 521.2 Million by 2022. The market growth is driven by the rising need for food security for the growing population, advancement in farming practices and technologies and heavy crop loss due to weed problems. The market is further driven by factors such as increasing demand for herbicides along with increasing acceptance for Integrated Pest Management (IPM) by the farmers, and high opportunities in developing countries.

On the basis of crop type, the dicamba herbicide market is led by cereals & grains, followed by, oilseeds & pulses and pastures & forage crops. The oilseeds & pulses segment is projected to be the fastest-growing crop type in the dicamba herbicide market due to high demand for cereals, grains, and oilseeds by the growing population all over the world.

The liquid form of dicamba herbicide is majorly used all over the world as compared to the dry form, due to the convenience as well as the easy application of liquid dicamba herbicide.

The dicamba herbicides can be used in both pre- as well as post-emergence; however, it is mostly used in pre-emergence of harmful weeds. Pre-emergence herbicides are applied to crops prior to weed seed germination. This group of herbicides controls weeds during the weed seed germination process but does not actually prevent weed seed germination. In contrast to pre-emergence herbicides, post-emergence herbicides controls only weeds that are emerged and actively growing at the time of treatment.

In 2015, in terms of volume North America accounted for the largest market share in the dicamba herbicide market, followed by Europe and Asia-Pacific. Increasing awareness about the benefits of dicamba herbicide among the cultivators and advancement in farming technology is leading to the growth of the market in this region. The dicamba herbicide market in the Asia-Pacific region is projected to grow with investments from several multinational manufacturers. Moreover, extensive R&D initiatives have been undertaken for exploring the new varieties of weeds and their effective control methods.

Key players identified in the global dicamba herbicide market include Monsanto Company (U.S.), Bayer Crop Science (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), and Syngenta AG (Switzerland). Most key participants have been exploring new regions through new product launches, collaborations, and acquisitions across the globe to avail a competitive advantage through combined synergies. Since 2011, the dicamba herbicide market has witnessed an increase in demand, especially in countries such as the U.S., Canada, Spain, and the U.K.